Large foreign IT companies were obliged to open branches in Russia

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Monitoring of the Federal Legislation dated 30.04.2010

Direction of the Central Bank of Russia No. 2423-U of April 2, 2010 on the Reorganisation of Exchange Offices to Acquire the Status of Other Types of Internal Structural Divisions of Credit Organisations (Branches of Credit Organisations), on the Closing of Exchange Offices and on the Refining of Activities of Internal Structural Divisions

Before October 1, 2010, exchange offices of credit organisations must be reorganised to acquire the status of internal divisions of another type.

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